Huge jump in pending home sales

Pending home sales surged **12.1% year-over-year** for the four weeks ending November 24th, marking the largest increase since May 2021, according to Redfin. ### Key Highlights: - **Mortgage purchase applications** climbed 12% week-over-week. - **Home tours** dropped to their lowest in two months but remain **7% higher YOY**. - **New listings** grew **10.6% YOY**, the biggest rise since April. ### **Our Perspective** Pending home sales often signal future trends for existing-home transactions. While election-related uncertainty and fluctuating mortgage rates initially slowed activity, the post-election market appears to be rebounding. Seasonal comparisons also play a role; last year’s Thanksgiving period muted activity, amplifying this year’s growth. **Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information:** 📞 310-620-1038 📧 [email protected] facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Fhuge-jump-in-pending-home-sales%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Fhuge-jump-in-pending-home-sales%2F&text=Huge+jump+in+pending+home+sales) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Fhuge-jump-in-pending-home-sales%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Fhuge-jump-in-pending-home-sales%2F&title=Huge+jump+in+pending+home+sales&summary=Pending+home+sales+surged+12.1%25+year-over-year+for+the+four+weeks+ending+November+24th%2C+marking+the+largest+increase+since+May+2021%2C+according+to+Redfin.+Key+Highlights%3A+Mortgage+purchase+applications+climbed+12%25+week-over-week.+Home+tours+dropped+to+their+lowest+in+two+months+but+remain+7%25+higher+YOY.+New+listings+grew+10.6%25+YOY%2C+the+biggest+rise+since+April.+%5B%E2%80%A6%5D)